The underwriters of the offering will have a 30-day option to purchase up to an additional 15 % of that amount from Abengoa, to cover overallotments, if any.

A preliminary prospectus is available through Citigroup and BofA Merrill Lynch, global coordinators of the offering. Canaccord Genuity, HSBC, RBC Capital Markets and Banco Santander are acting as joint bookrunners.

Abengoa in April said it will use its yieldco vehicle to own, manage and purchase solar, biomass and other renewable energy assets in the US and Latin America.